On the upside
Fifth Third Bancorp (Nasdaq: FITB) completed the conversion of Freedom Bank, which was taken over by the Federal Deposit Insurance Corp., to Fifth Third banks.
Macquarie Infrastructure Company (NYSE: MIC) will make a presentation at the Wall Street Analyst Forum in New York tomorrow.
American Capital Agency (Nasdaq: AGNC), which is managed by American Capital (Nasdaq: ACAS), denied reports that it declared a quarterly dividend.
On the downside
Image Entertainment (Nasdaq: DISK) amended its merger agreement for the second time with Nyx Acquistions.
Dahlman Rose initiated coverage of Dynegy (Nasdaq: DYN) with a Hold rating.
An American International Group (NYSE: AIG) executive vice president in the Financial Products unit quit his job and wrote a letter to the New York Times expressing his displeasure with the manner in which chief executive Edward Liddy handled the executive bonuses.
In the broad market, advancing issues outpaced decliners by a margin of more than 4 to 1 on the NYSE and by nearly 7 to 2 on Nasdaq. The Russell 2000 which tracks small cap stocks soared 12 points to 429.
